Russell Investments Group Ltd. lessened its position in shares of Teradyne, Inc. (NYSE:TER) by 4.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 609,736 shares of the semiconductor company’s stock after selling 31,137 shares during the quarter. Russell Investments Group Ltd. owned 0.33% of Teradyne worth $22,595,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Carnick & Kubik Group LLC grew its stake in Teradyne by 6.2% during the 3rd quarter. Carnick & Kubik Group LLC now owns 60,267 shares of the semiconductor company’s stock valued at $2,229,000 after purchasing an additional 3,539 shares during the last quarter. Retirement Systems of Alabama grew its stake in Teradyne by 5.2% during the 3rd quarter. Retirement Systems of Alabama now owns 465,935 shares of the semiconductor company’s stock valued at $17,230,000 after purchasing an additional 23,201 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Teradyne by 15.8% in the third quarter. Fisher Asset Management LLC now owns 365,996 shares of the semiconductor company’s stock worth $13,535,000 after buying an additional 49,980 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new stake in shares of Teradyne in the third quarter worth about $214,000. Finally, Peregrine Capital Management LLC boosted its stake in shares of Teradyne by 2.7% in the third quarter. Peregrine Capital Management LLC now owns 757,582 shares of the semiconductor company’s stock worth $28,015,000 after buying an additional 20,043 shares during the last quarter. Institutional investors and hedge funds own 99.03% of the company’s stock.
TER has been the topic of a number of recent research reports. Robert W. Baird restated a “buy” rating and issued a $46.00 target price on shares of Teradyne in a research note on Thursday, July 26th. Needham & Company LLC upped their target price on Teradyne from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, July 26th. Citigroup lowered their target price on Teradyne from $51.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, September 25th. Craig Hallum upgraded Teradyne from a “hold” rating to a “buy” rating in a research note on Thursday, October 25th. Finally, Zacks Investment Research downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $45.36.
Shares of TER opened at $35.79 on Tuesday. Teradyne, Inc. has a 52 week low of $30.22 and a 52 week high of $50.68. The company has a current ratio of 4.10, a quick ratio of 3.76 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $6.73 billion, a PE ratio of 15.29, a P/E/G ratio of 1.81 and a beta of 1.25.
Teradyne (NYSE:TER) last issued its earnings results on Tuesday, October 23rd. The semiconductor company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. The firm had revenue of $566.90 million for the quarter, compared to the consensus estimate of $556.87 million. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 earnings per share. On average, research analysts predict that Teradyne, Inc. will post 2.25 EPS for the current fiscal year.
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Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.
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